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This Quiz contest will be run in 3 phases on the date of 2nd June 2022 . i.e.
Phase 3:
Binance THORChain Quiz Answers Today : Earn RUNE Token
Binance THORchain Learn and Earn ( RUNE Token ) Quiz Answers
Q1. What is the native coin of THORChain?
Answer: RUNE
Q2. How many types of users are there in THORChain?
Answer: 4
Q3. What is the total supply of THORChain’s native coin?
Answer: 500 million
Q4. What are the use cases of THORChain’s native coin?
Answer: Governance, incentivization, settlement & network security
Q5. How does THORChain secure its network?
Answer: Tendermint Byzantine Fault Tolerance, Cosmos-SDK & Threshold Signature Scheme (TSS)
Q6. How would a BTC-to-ETH swap happen on THORChain?
Answer: Internally, there will be a BTC – RUNE swap, and then a RUNE to ETH swap
Q7. Which of the following statements is true?
Answer: RUNE is used to subsidize gas fees and reward Liquidity Providers and Node Operators
Q8. Who Secures The Network?
Answer: Node Operators
Q9. THORChain is a layer 2 DEX
Answer: False
Q10. What is the role of trader in the THORChain’s native ecosystem?
Answer: Function as an oracle to deliver data
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